First Tennessee Bank has a $200 sign-up bonus when you open any of their checking accounts. You can also get $50 for a savings account and $50 referral bonus. The offer is available only in a few states and that has restriction has been strictly applied lately. Offer has been extended again.

Offer Requirements

To receive $200 checking bonus, you must open your account online starting at this page and ensure promo code RL200C appears where the promo code is requested, or open your account at a financial center and present your mailed offer.

You must have an opening deposit of at least $100

Have at least one direct deposit must post to your account within 60 days of account opening. (Opening deposit cannot be transferred from existing First Tennessee accounts)

If you meet the stated requirements of this promotional offer, the bonus will be credited to your account within six weeks of the first direct deposit and will be reported as income on Form 1099-INT.

Eligibility

This offer is only available to residents of Tennessee, North Carolina, Virginia, Georgia, Alabama, Mississippi, Arkansas, and Kentucky. More than a year ago I was able to also apply from NYC and get the bonus, but I didn’t get it when I applied earlier this year. So most likely it is strictly restricted to the states mentioned above.

Limit one bonus per household. Cannot be combined with other checking offers.

This offer is for new checking households only, or for households who have not had an open First Tennessee checking account in the previous 12 months.

Fees

Express Checking is the best option. It comes with a $7 monthly fee that can be waived with a direct deposit of any amount.

$50 Savings Bonus

To receive $50 Money Market Savings bonus, you must open your account online starting at this page and ensure promo code SV50RL appears where the promo code is requested, or open your account at a financial center and present your mailed offer.

You must open a new Money Market Savings account with an opening deposit of at least $2,000, and make total deposits of at least $5,000 in the first 30 days.

Offer is available to new First Tennessee savings households only, or for households who have not had an open First Tennessee consumer savings account in the previous 12 months.

Qualifying deposits cannot be transferred from existing First Tennessee accounts.

The bonus will be credited to your account within six weeks of meeting all requirements and will be reported as income on Form 1099-INT.

$50 Referral Bonus

Want to receive an extra $50 for opening a First Tennessee Bank checking account? People have had success in the past in stacking sign-up bonuses with referral bonuses. You need to register here (my referral) first and then open an account.

For you referral bonus, open a new First Tennessee personal checking account within 90 days of receiving your referral invitation with at least $100, AND complete two direct deposit transactions of at least $100 each within 60 days of account opening.

Guru’s Wrap-Up

The bonus is limited to only a few states, but if you’re eligible you can get a total of $300 in bonuses which is a pretty good deal as far as bank bonuses go. If you’re in North Carolina or Middle Tennessee, then check out this other bonus, which is even better.